Progyny Inc (PGNY)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 253,363 | 246,825 | 250,205 | 242,565 | 238,799 | 226,399 | 209,770 | 193,016 | 167,325 | 147,946 | 130,443 | 116,177 | 112,135 | 107,686 | 100,030 | 82,364 | 70,059 | 61,162 | 52,646 |
| Revenue (ttm) | US$ in thousands | 1,167,818 | 1,140,069 | 1,135,369 | 1,111,361 | 1,091,902 | 1,036,101 | 959,749 | 874,714 | 787,727 | 700,482 | 617,337 | 551,196 | 501,082 | 473,730 | 450,213 | 385,920 | 344,979 | 309,953 | 272,210 |
| Gross profit margin | 21.70% | 21.65% | 22.04% | 21.83% | 21.87% | 21.85% | 21.86% | 22.07% | 21.24% | 21.12% | 21.13% | 21.08% | 22.38% | 22.73% | 22.22% | 21.34% | 20.31% | 19.73% | 19.34% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $253,363K ÷ $1,167,818K
= 21.70%
The gross profit margin of Progyny Inc has shown a relatively stable trend over the past five years, ranging from approximately 19.34% to 22.73%. The margin has generally increased from June 2020 to September 2021, reaching its peak at 22.73% in September 2021. However, after this peak, the gross profit margin fluctuated slightly but remained around the 21% mark for the most recent periods up to December 2024. The company's ability to effectively control production costs and generate revenue from its core operations has resulted in a consistent gross profit margin, indicating stable profitability in its business operations.
Peer comparison
Dec 31, 2024